Sydney (South) - Haymarket
Statistical Area - sa2

Population growth drivers in Sydney (South) - Haymarket are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends

Sydney's Haymarket (South) area had a population of around 23,802 as of November 2025. This figure reflects an increase of 3,867 people since the 2021 Census, which reported a population of 19,935. The change is inferred from ABS estimates of 23,777 in June 2024 and an additional 281 validated new addresses since the Census date. This results in a density ratio of 22,038 persons per square kilometer, placing Haymarket in the top 10% of national locations assessed by AreaSearch. The area's population growth of 19.4% since the 2021 census exceeded both state (6.7%) and metropolitan averages, making it a growth leader in the region. Overseas migration contributed approximately 93.7% of overall population gains during recent periods.

AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data, NSW State Government's SA2 level projections are used, released in 2022 with a base year of 2021. Growth rates by age group from these aggregations are applied to all areas for years 2032 to 2041. Future trends forecast a significant population increase in the top quartile of Australian statistical areas, with Haymarket expected to grow by 10,129 persons to 2041 based on latest numbers, reflecting an increase of 42.4% over the 17 years.

The level of residential development activity in Sydney (South) - Haymarket was found to be higher than 90% of real estate markets across the country

Sydney South - Haymarket has seen approximately 170 new homes approved annually. Over the past five financial years, from FY21 to FY25, around 854 homes were approved, with none yet recorded in FY26. On average, 2.3 people have moved to the area per new home constructed over these years, indicating healthy demand that supports property values.

New homes are being built at an average expected construction cost of $573,000, suggesting developers target the premium market segment with higher-end properties. This financial year has seen $163.7 million in commercial development approvals, reflecting strong commercial development momentum. Compared to Greater Sydney, Haymarket records elevated construction levels, 41.0% above the regional average per person over the past five years, maintaining good buyer choice while supporting existing property values.

All new construction consists of townhouses or apartments, promoting higher-density living and creating affordable entry points for downsizers, investors, and first-home buyers. Population forecasts indicate Haymarket will gain 10,083 residents by 2041. If current development rates continue, housing supply may not keep pace with population growth, potentially increasing buyer competition and supporting stronger price growth.

Sydney (South) - Haymarket has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

Infrastructure changes significantly influence an area's performance. AreaSearch has identified 72 projects likely impacting the area. Notable projects include Mariyung Fleet (New Intercity Fleet), Atlassian Central, Harbourside Redevelopment by Mirvac, and Hyde Metropolitan. The following list details those most relevant.

Professional plan users can use the search below to filter and access additional projects.

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

AreaSearch analysis of employment trends sees Sydney (South) - Haymarket performing better than 85% of local markets assessed across Australia

Sydney South - Haymarket has a highly educated workforce with strong representation in professional services. Its unemployment rate as of June 2025 was 1.7%.

Over the past year, it showed relative employment stability. As of this date, 14,580 residents were employed while the unemployment rate was 2.5% lower than Greater Sydney's rate of 4.2%. Workforce participation was broadly similar to Greater Sydney's 60.0%. Leading industries among residents include accommodation & food, professional & technical services, and finance & insurance.

The area has a particularly strong specialization in accommodation & food, with an employment share 4.3 times the regional level. Conversely, health care & social assistance shows lower representation at 6.3% compared to the regional average of 14.1%. As per the Census, there are 2.6 workers for every resident, indicating it functions as an employment hub hosting more jobs than residents and attracting workers from surrounding areas. Between June 2024 and June 2025, employment increased by 0.3% while labour force increased by 0.6%, resulting in a rise of unemployment by 0.3 percentage points. In contrast, Greater Sydney experienced employment growth of 2.6% and labour force growth of 2.9%, with a rise of unemployment by 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May 2025 suggest that national employment is forecast to expand by 6.6% over five years and 13.7% over ten years, with variations between industry sectors. Applying these projections to Sydney South - Haymarket's employment mix suggests local growth of approximately 6.7% over five years and 13.3% over ten years.

The area's income profile falls below national averages based on AreaSearch analysis

AreaSearch's aggregation of ATO data for financial year 2022 shows Sydney (South) - Haymarket had a median taxpayer income of $42,927 and an average income of $107,563. Nationally, these figures are exceptionally high compared to Greater Sydney's median of $56,994 and average of $80,856. By September 2025, estimated incomes would be approximately $48,340 (median) and $121,127 (average), based on a 12.61% Wage Price Index growth since financial year 2022. According to the 2021 Census, Haymarket's household income ranks at the 73rd percentile ($2,108 weekly) and personal income at the 53rd percentile. The $1,500 - 2,999 income bracket dominates with 34.6% of residents (8,235 people), consistent with broader trends across regional levels showing 30.9%. Economic strength is evident through 31.0% of households earning high weekly incomes exceeding $3,000, supporting elevated consumer spending. High housing costs consume 25.8% of income, but strong earnings place disposable income at the 58th percentile. The area's SEIFA income ranking places it in the 8th decile.

Sydney (South) - Haymarket features a more urban dwelling mix with significant apartment living, with a higher proportion of rental properties than the broader region

In Sydney (South) - Haymarket, as per the latest Census, 0.1% of dwellings were houses while 99.9% comprised other types such as semi-detached and apartments. This contrasts with Sydney metropolitan area's figures of 2.3% houses and 97.7% other dwellings. Home ownership in Sydney (South) - Haymarket stood at 12.0%, with mortgaged dwellings at 11.0% and rented ones at 76.9%. The median monthly mortgage repayment was $2,600, lower than the Sydney metro average of $2,705. Median weekly rent in the area was $620, compared to $550 for Sydney metro. Nationally, Sydney (South) - Haymarket's mortgage repayments were higher at $1,863 and rents were substantially above the Australian average of $375.

Sydney (South) - Haymarket features high concentrations of group households and lone person households, with a higher-than-average median household size

Family households account for 50.3% of all households, including 9.2% couples with children, 33.5% couples without children, and 4.5% single parent families. Non-family households constitute the remaining 49.7%, with lone person households at 30.4% and group households comprising 19.3%. The median household size is 2.3 people, which is larger than the Greater Sydney average of 1.9.

The educational profile of Sydney (South) - Haymarket exceeds national averages, with above-average qualification levels and academic performance metrics

Educational attainment in Sydney (South) - Haymarket is significantly higher than broader benchmarks. 53.0% of residents aged 15+ have university qualifications, compared to 30.4% nationally and 32.2% in NSW. Bachelor degrees are most common at 36.2%, followed by postgraduate qualifications (15.1%) and graduate diplomas (1.7%). Vocational credentials are also prevalent, with 26.1% of residents aged 15+ holding them - advanced diplomas account for 18.9% and certificates for 7.2%.

Educational participation is high, with 43.9% of residents currently enrolled in formal education. This includes 12.8% in tertiary education, 2.0% in primary education, and 1.6% pursuing secondary education. Australian International High School provides local educational services within Sydney (South) - Haymarket, but has an enrollment of 0 students. Secondary education dominates with 1 school, while primary students typically attend schools in adjacent catchments. No schools are located within Sydney (South) - Haymarket, requiring residents to travel to neighboring areas for educational services. Note: where schools show 'n/a' for enrolments, please refer to parent campus.

Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

The analysis shows that there are 61 active transport stops operating within Sydney (South) - Haymarket. These stops offer a mix of ferry, train, lightrail, and bus services. There are 143 individual routes servicing these stops, collectively providing 57,309 weekly passenger trips.

The accessibility of transport is rated as excellent, with residents typically located 147 meters from the nearest transport stop. On average, there are 8,187 trips per day across all routes, which equates to approximately 939 weekly trips per individual stop.

Sydney (South) - Haymarket's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

Sydney (South) - Haymarket exhibits excellent health outcomes across all age groups, with a very low prevalence of common health conditions. Private health cover stands at approximately 75% of the total population (17,780 people), higher than Greater Sydney's 69.7% and the national average of 55.3%. The most prevalent medical conditions are asthma and mental health issues, affecting 2.9% and 2.9% of residents respectively.

A significant majority, 90.9%, report being completely free from medical ailments compared to Greater Sydney's 77.4%. The area has a lower proportion of seniors aged 65 and over at 4.5% (1,082 people), compared to Greater Sydney's 9.7%. Health outcomes among seniors are notably strong, mirroring the general population's health profile.

Sydney (South) - Haymarket is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics

Sydney (South) - Haymarket is among the most culturally diverse areas in Australia, with 76.0% of its population speaking a language other than English at home as of Census 2016. In this area, 82.9% were born overseas. The dominant religion was Buddhism, comprising 30.2%, significantly higher than the Greater Sydney average of 7.1%.

Regarding ancestry, the top three groups in Sydney (South) - Haymarket were Chinese at 33.5% (compared to a regional average of 13.0%), Other at 33.3% (higher than the regional average of 16.1%), and English at 9.1% (lower than the regional average of 19.8%). Notably, Korean was overrepresented at 3.1%, Spanish at 0.8%, and Vietnamese at 2.2%.

Sydney (South) - Haymarket hosts a very young demographic, ranking in the bottom 10% of areas nationwide

Sydney (South) - Haymarket's median age at 31 years is lower than the Greater Sydney average of 37 and the Australian median of 38. Compared to Greater Sydney, it has a higher proportion of residents aged 25-34 (42.0%) but fewer residents aged 5-14 (2.2%). This concentration of 25-34 year-olds is significantly higher than the national average of 14.5%. Between 2021 and present, the proportion of residents aged 35-44 has increased from 19.8% to 21.0%, while the proportion of those aged 55-64 has decreased from 5.0% to 4.0%. By 2041, demographic modeling suggests that the age profile will change significantly in Sydney (South) - Haymarket. The number of residents aged 25-34 is projected to grow by 2,315 people, increasing from 10,006 to 12,322.